NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Climate Change, Operating Flexibility and Corporate Investment Decisions

Chen Lin, Thomas Schmid, Michael S. Weisbach

NBER Working Paper No. 26441
Issued in November 2019

---- Acknowledgments ----

We are very grateful to David Weisbach, Hayong Yun, seminar participants at University of Chicago, the Shanghai Advanced Institute of Finance, the Shanghai University of Finance and Economics, and conference participants at the 2018 Summer Finance and Accounting Conference in Jerusalem and the 2019 University of Oklahoma Energy and Commodities Finance Research Conference for helpful suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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